Tribal Co. says it was used as a “front” for lending operations

By Andrew Westney (June 23, 2022, 8:38 p.m. EDT) – A company from the Lac Courte Oreilles Band of Lake Superior Chippewa Indians has hit its partners in a consumer loan business with a $250 million lawsuit in federal court of Wisconsin, claiming the partners took advantage of the tribe financially and thwarted its efforts to assert more control over the business.

The tribe’s federally-recognized company, Lac Courte Oreilles Financial Services LLC, and two subsidiaries said in a complaint Wednesday that Cane Bay Partners VI LLLP, based in the U.S. Virgin Islands, its founders and owners Kirk Chewning and David Johnson and d Others had violated the Racketeer Influenced and Corrupt Organizations Act through “predation and…

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